On top of that, Uber and Lyft drivers also have to fork over a significant amount of expenses in gas and car maintenance. Both companies collect a fair amount of money from commissions at the expense of their drivers. The key lesson here is that it isn’t just about how much you earn with Uber and Lyft. In reality, Uber and Lyft commissions are often much higher, in the 30% to 40% range, after factoring in extra charges like airport fees and safety fees. In comparison, Lyft only takes 20% of the total fare. While Uber drivers typically generate higher hourly pay, the company takes 25% of the total fare. Unfortunately, pricing spikes don’t always lead to stronger profits for drivers because both companies take in high commissions. One easy way to do this is by downloading both companies’ customer-facing apps and reviewing how many drivers are circling in your area. With that in mind, make sure to pay attention to your local market instead of national averages.

And in January 2021, Lyft took in 44% of rideshare sales in Phoenix and Detroit-its highest percentage among the 15 most populous U.S. But in certain areas of the country, Lyft is way more popular.Īs it turns out, riders are more likely to use Lyft on the West Coast or Midwest than in the Northeast.

rideshare market, generating 72% of spending. According to Second Measure, Uber brings in the lion’s share of the U.S. When it comes to pay, location is the most significant piece of the puzzle. That said, there are a lot of factors that affect how much you can earn on each platform, which we will explore next. So if your goal is to maximize driving time, Uber may be the better way to go. According to Gridwise, there’s a 4% difference in trips per hour between Uber and Lyft. One reason why Uber drivers typically earn a bit more is that they tend to spend more time on the road. In This Article Uber vs Lyft: Earning PotentialĪccording to nationwide data, Uber drivers typically make more on average than Lyft drivers. To help guide your decision, this post dives into how they stack up. While they’re pretty similar overall, there are several noteworthy differences. However, given the limited amount of rideshare platforms and conflicting reviews, you might feel confused when trying to decide which one to join.Īs you probably know, Uber and Lyft are the world’s most popular ridesharing apps. The time has come for you to make money as a rideshare driver.

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